Cut Mortgage Deduction: Fed President

``Saying that the United States tax code "encourages household leverage and bank leverage, even though both are potentially destabilizing," the president of the Federal Reserve Bank of Minneapolis said Monday that it is time to reconsider the residential mortgage interest tax deduction enjoyed by millions of homeowners.'' -- Of course he says the "timing" must be considered, so given prevailing government/Fed views of endless economic crisis, most likely this will never be done.